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Barrons.com
Dutch Bros Stock Plunges as Earnings Guidance Is Slashed
Shares of Dutch Bros were plunging Thursday after the coffee chain lowered its forecast for adjusted Ebitda in 2022. Dutch Bros (ticker: BROS) said it expects adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, of at least $90 million, down from its previous forecast of $115 million to $120 million, “reflecting near-term margin pressure in our company-operated shops and our decision to take modest price increases during the year.”
